US Federal Reserve holds rates again over ‘elevated’ inflation

[ad_1]

The US Federal Reserve opted to keep interest rates unchanged on Wednesday. However, policymakers signaled a plan to gradually decrease rates by three-quarters of a percentage point by the end of 2024. The central bank acknowledged slower progress towards achieving its 2% inflation goal. In its latest update, the Fed highlighted that inflation continues to be high.

[ad_2]

Source link